These measures are a part of a broader technique by Syria’s new caretaker authorities to stabilize the nation’s financial system following 13 years of battle and sanctions.
Salaries of Syria’s public sector staff below toppled President Bashar al-Assad’s regime have been round US$25 a month, placing them under the poverty line, together with nearly all of the nation’s inhabitants, Abazeed stated.
The hike would comply with a complete analysis of as much as 1.3 million registered public sector staff to take away fictitious staff from the payroll and would have an effect on these with ample experience, educational {qualifications}, and the mandatory abilities for reconstruction.
Syria’s state treasury is dealing with liquidity challenges rising from a warfare. Nearly all of cash out there within the central financial institution is Syrian forex, which has misplaced a lot of its worth. Nonetheless, the brand new authorities was promised help from regional and Arab international locations, the minister stated.
“The launch of investments within the nation within the close to future may also profit the state treasury and permit us to finance this wage enhance,” he stated, including the central financial institution at the moment has ample funds to finance the following few months.
